56 Shands Road, Hornby

5 Bedrooms

3 Bathrooms

3 Garages

Block of three investment

 

Price by Negotiation

 

If you have been looking for a block in Christchurch with great returns and low maintenance this one will be perfect.

 

This three-unit block in the heart of bustling Hornby is sited on TC1 land, making it ripe for investors wanting to secure returns. The two x two bedroom units and one x one bedroom unit are all north facing and very tidy. With aluminium joinery, brick cladding and construction on a concrete slab this property low maintenance and a great buy and hold. Being fully tenanted to happy, tidy tenants is a bonus for investors. Three single garages provide the tenants with off-street parking and private storage.

 

The block is currently returning the owners $1,030 per week, with individual rents at unit 1 $350, unit 2 $320 and unit 3 $360 per week.

 

Some EQC repairs have been done and the property is currently fully insured. There is opportunity to add value through renovation, landscaping and fencing making this buy and hold a great opportunity.

 

Summary

 

– Two x two bedroom units and one x one bedroom unit
– Three single garages
– 812sqm of TC1 and RSDT development land
– 180sqm of floor area

 

Angela Webb

PROPERTY INVESTMENT SPECIALIST

Licensed under the REA Act 2008

Mobile: +64 27 349 1997

Office: +64 3 375 4700

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